Common use of Third Party POWER Account Contributions Clause in Contracts

Third Party POWER Account Contributions. Third parties, including the member’s employer, are permitted to contribute towards an individual’s POWER account contribution up to one hundred percent (100%) of the member’s required POWER Account contribution amount. Such third-party contributions shall be credited to a member’s POWER Account upon receipt. Any third-party contribution shall be used to offset the member’s required contribution only, and not the State’s contribution. The Contractor shall keep record of all contributions made by third parties on behalf of members and make available to the State as outlined in the HIP MCE Reporting Manual.

Appears in 9 contracts

Samples: Contract #0000000000000000000018315, Contract #0000000000000000000018314, Contract #

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Third Party POWER Account Contributions. Third parties, including the member’s employer, are permitted to contribute towards an individual’s POWER account contribution up to one hundred percent (100%) of the member’s required POWER Account contribution amount. Such third-party contributions shall be credited to a member’s POWER Account upon receipt. Any third-third- party contribution shall be used to offset the member’s required contribution only, and not the State’s contribution. The Contractor shall keep record of all contributions made by third parties on behalf of members and make available to the State as outlined in the HIP MCE Reporting Manual.

Appears in 3 contracts

Samples: Contract #0000000000000000000018314, Contract #0000000000000000000018313, Contract #0000000000000000000018315

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Third Party POWER Account Contributions. Third parties, including the member’s employer, are permitted to contribute towards an individual’s POWER account contribution up to one hundred percent (100%) of the member’s required annual POWER Account contribution amount. Such third-third party contributions shall be credited to a member’s POWER Account upon receipt. Any third-third party contribution shall be used to offset the member’s required contribution only, and not the State’s contribution. The Contractor shall keep record of all contributions made by third parties on behalf of members and make available to the State as outlined in the HIP MCE Reporting Manual.

Appears in 1 contract

Samples: Professional Services Contract Contract #0000000000000000000018314

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